[GLGT] Late Singapore Nippon Paint tycoon’s fortune makes six grandchildren billionaires

[toolbox03]

https://www.straitstimes.com/busine...-fortune-makes-six-grandchildren-billionaires


HONG KONG – An academic in New York and the founder of a Bali charity are among six people who inherited stakes in the paint empire built by Singapore’s second-richest man.

The six are grandchildren of the late

tycoon Goh Cheng Liang, who died in August aged 98,

and who have each inherited stakes worth more than US$1 billion (S$1.3 billion) per person in a publicly traded firm.


The handover of the fortune marks an unusual transfer of assets for an ultra-rich Asian family that has skipped one generation.

 

[Pyromaster]

More GCBs gonna change hands

 

[ToonBlue]

So lucky....

 

[asymmetric]

Alexandra Road showrooms will be busy

 

[herzberg]

Ok mah, kangxi also intended to pass throne to his grandkid qianlong, so yongzheng was just placeholder nia

 

[buttbERry]

jin rich jin satki lor

 

[kitsura]

Yes my dad is useless in comparison. Had 3 kids and passed down nothing.

 

[TickTechToe]

Ok mah, kangxi also intended to pass throne to his grandkid qianlong, so yongzheng was just placeholder nia

I think you should use Zhu Yuanzhang (朱元璋) as example better.. he passed his throne to his grandson Zhu Yunwen cos his eldest son died early.. but his 4th son Judy revolted and usurped his nephew's throne and shifted the capital from Nanjing to Beijing..

 

[saltydog]

their parents be rike:

 

[Balian]

meritocracy

 

[testart]

$1000 million
Sg house u buy one $100m still left $1.2b

 

[Firstclass1188]

Yes my dad is useless in comparison. Had 3 kids and passed down nothing.

All he left you was alone

 

[dambio]

It's great to hv a smart resourceful n successful ah gong.

 

[DulanMax]

Means he buay song his children so just give the inheritance to his grandchildren instead?

 

[KPO_SAHM]

Means he buay song his children so just give the inheritance to his grandchildren instead?

Cause his kids r super rich. My late fil used to work with him. Very humble man n generous to his staff. And his kids do not seemed like Richie people as their dressing r super simiple n down to earth

 

[focus1974]

shiok!

They earned it..

The billionaire can choose to donate all to charity
but like all billionaires, they will give a lot of money to their offsprings they think deserved the money.

only daft people really think billionaires really donate all their fortune to charity.
Most are under charity trusts run by their offsprings

but i see so many middle class ..doing that.. lol

 

[kitsura]

All he left you was alone

 

[Visor9999]

Is inflation going up in sg due to more spending by billionaires?

 

[standarture]

Cause his kids r super rich. My late fil used to work with him. Very humble man n generous to his staff. And his kids do not seemed like Richie people as their dressing r super simiple n down to earth

Errr lol. Lazy to dress doesnt mean humble hor. I think they have 10 mega yachts.

 

[kitsura]

Is inflation going up in sg due to more spending by billionaires?

Nope it is mainly because of profiteering by corporations after GST increases. 1 or 2 billionaires spending won’t move the needle much they buy things that regular people won’t buy anyway.